Fish Protein Hydrolysate Market Trends

Growth Drivers

• Rising Aquaculture Industry– With the increased production of aquaculture both the number of fish and the amount of by-product also increase. According to the statistics of Food and Agriculture Organizations of the United Nations, 2020 saw a continuation of the global aquaculture industry's growth despite the COVID-19 pandemic's global spread. Moreover, the global production of aquatic animals for human consumption totalled 87.5 million tons.
• Increasing Demand for Protein Supplements– Fish protein powder (FPP) is a dried, solid fish product that contains more protein per serving than the actual fish does and it is used in non-vegan protein supplements. Around 46% of Americans, or every 2nd person, regularly consume protein-rich drinks and smoothies. Additionally, the majority of Americans eat twice as much protein as they require.
• Rising Population Living with Lactose Intolerance – Fish protein serves as the protein source for those who are lactose intolerant as it does not contain milk and should be safe for those who have a milk allergy.  

Challenges

• Health Risk Associated with Fish-Derived Protein- Although eating fish has health benefits, there are some risks as well. Both the food that fish eat and the water they reside in may contain harmful pollutants. Over time, their body may develop amounts of pollutants such as PCBs and mercury. Any product made from poisonous fish should not be consumed since high quantities of PCB and mercury can affect the brain and nervous system. Moreover, toddlers and foetuses are particularly vulnerable to the effects of mercury as their body is at the prime growth stage.
• Shortage of Raw Materials
• The Cost of Production is High